![]() ![]() Changes are almost a guarantee in construction, so it's to everyone's benefit not to underestimate or overlook any element of a project. A good construction cost estimate will account for every element of a project, including room for contingencies, financing costs, profit margin, variances, and other less obvious or unforeseen expenses. Regardless, creating an accurate estimate is essential to ensuring that the project is both profitable for the contractor and affordable for the client. How to accurately calculate construction costs?ĭepending on the type of project, estimating the costs of construction can either be incredibly simple or extremely complex. This Construction Cost Calculator is designed to help you itemize the rate and quantity of each individual element to estimate the total cost of construction project.
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